RT @csuwildcat: When told there existed another cryptocurrency, Bitcoin, already worth hundreds of billions of dollars, Maxine said "Let's do a Bitcoin hearing too, I want to talk to Mr. Nakamotoberg about pausing Bitcoin". Unbeknownst to Maxine, she illustrated the special gift Satoshi left us. https://t.co/0Qowb3jeTY

When told there existed another cryptocurrency, Bitcoin, already worth hundreds of billions of dollars, Maxine said "Let's do a Bitcoin hearing too, I want to talk to Mr. Nakamotoberg about pausing Bitcoin". Unbeknownst to Maxine, she illustrated the special gift Satoshi left us. https://t.co/0Qowb3jeTY

RT @saifedean: When you're just a regular corporate overlord trying to build a global payment & surveillance network but politicians start radicalizing you into an anarcho-capitalist bitcoiner. https://t.co/VA6Z70LCV6

RT @saifedean: When you're just a regular corporate overlord trying to build a global payment & surveillance network but politicians start radicalizing you into an anarcho-capitalist bitcoiner. https://t.co/VA6Z70LCV6

Because a global currency is what they want. The Paris accord was supposed to be the first global tax. Next, they will want a global government. Now, where have I read about that before? Oh, yes. The Bible.

So...you're saying the Bible is leading the Globalist Charge????? Dude......you've got a weird perspective. Like...off the chartz weird. Yep, FB wants world domination, but to say you see that in the Bible....nah, not with you.

Not at all. The Bible warned us about this 2000 years ago. It was and is a warning. Christians see it. When Rome entered Jerusalem in the year 70, the Christians had already left. Why. Because they were warned but the Jews were massacred and the Temple burnt to the ground. The Jews didn't get the warning or if they had, ignored it as a crazy Christian conspiracy theory. Christians have been waiting for the forces of evil to create a world government and world monetary system where those who did not take the Mark of the Beast in their hands (deeds) or foreheads (mind), would not be able to buy or sell. Now we see the signs and I'm just saying so. Conspiracy theory? Perhaps. You be the judge.

If a person sold 100 shares, with plans to sell 1000, each with a control vote, for $10M per, the securities regulator would be up in arms. But, Facebook selling 100 software licenses (private nodes), with plans to sell 1000, each with a control vote, for $10M per, nobody bats an eye.

People are saying its no big deal, its just an alternative to WeChat Pay or something. Well, that is the primary use case for digital cash! This is actually a race. And I hope that The Buterin realizes it and acts. If there is any hope for digital cash, as in real digital cash with privacy and autonomy, Ethereum needs to scale and launch 2.0 before Libra. Because what the government will do is say, hey, if you want to send a digital payment, just use Libra, it is fast and easy. And also, the government can completely control it! And by the way there will be a constant tax in terms of fees going to private companies so the rich can get richer and to pay for the new computers to spy on you. And not to mention, it is actually totally dependent on the fiat currencies for it to continue to function properly.

Honestly given the reaction of most people, it seems like a real long shot that digital cash will ever really take off now. You will get something that seems like it, but doesn't have any of the key qualities.

Yeah Ethereum 2.0 is what my parents were waiting on before jumping into the crypto game /s.
Fact is, if they make this easy for normal people (read: Facebook users) it's going to do well in terms of userbase. Like it or not.
Plus their plan is to decentralize even the validator nodes within 5 years so I'm not sure where you're getting the idea that only private companies will benefit.
I'm also not finding the government control part in their whitepaper if you wouldn't mind pointing it out.

They are concerned about "how it will conform to our global financial regulatory framework"

And what Facebook will explain, mostly in private is, "Don't worry guys, this is not a real cryptocurrency, there is no privacy, we will happily sanction any country or person you choose because we know exactly who each transaction goes to. We are using normal dollars on the backend, so we are mainly using the cryptocurrency tech as free publicity. Also, this will take away from people using real cryptocurrency which we can't control for you. Here is the portal you can use for your spying and financial warfare activities, it is already set up. You just log into your normal Facebook spy portal and press 2 for Financial."